The typical form processing.
Working in a medical office, you probably use specific forms for billing insurance. Confusion often results from the myriad of options. The most essential insurance payment form is the HCFA CMS 1500 doc.
Back in time.
The cms 1500 version 02/12 claim forms were not always called as such. In the beginning, it was called they were called HCFA 1500. It was named after the Center for Medicare and Medicaid Services. Most medical outfits use this form to bill Medicaid State Agencies.
Who needs the CMS 1500?
This doc is usually used by patient care providers and medical equipment suppliers. By law, the filled in form needs to be sent in less than 365 days to be paid for services tendered.
Why buy it when you can color copy it?
It can only be used if it is produced with a specific ink. This makes using downloads or photocopies unusable for turning in claims. The technology that scans the forms at payer’s offices is called OCR, or Optical Character Recognition. If the form is not precise, it will not be read clearly.
In the end…
When you send in your claims, make sure you have the new hfca cms 1500 form, and verify the ink quality as well. If you don’t send in the right form, or one with the wrong ink, your request will not be processed. What’s worse is if you wait too long to send the corrected document, you might not be compensated at all. The result of this diligence is a stream of timely payments.